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Celsius Files for Chapter 11 Bankruptcy
Celsius Files for Chapter 11 Bankruptcy
News  -  Bitcoin  -  Jul 15, 2022 by Marek F.

Celsius, a crypto lending firm that had more than $8 billion in loans to clients and about $12 billion in assets under management in May, has just filed for Chapter 11 proceedings in the state of New York. As of now, the company revealed it has around $167 million dollars

Bitcoin Miners Successfully Stabilize the Texas Grid
Bitcoin Miners Successfully Stabilize the Texas Grid
News  -  Bitcoin  -  Jul 13, 2022 by Philipe F

Practically all industrial-scale Bitcoin miners operating in Texas have shut off their machines as the companies brace for a heat wave that is expected to push the power grid near its breaking point.  Texas has become one of the largest hubs by computing power in the world. Hosting companies like

Bitfinex Donates To Small Businesses in El Salvador
Bitfinex Donates To Small Businesses in El Salvador

Bitfinex has announced that it has donated 36 Bitcoin and $600,000 worth of Tether (USDT) to assist small businesses and communities in El Salvador as an extension of their ongoing support for the country. Bitfinex is reportedly working with Max Keiser and Stacy Herbert, who are early Bitcoin adopters

News  -  Bitcoin  -  Jul 15, 2022
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Bitfinex Donates To Small Businesses in El Salvador
Bitfinex Donates To Small Businesses in El Salvador

Bitfinex has announced that it has donated 36 Bitcoin and $600,000 worth of Tether (USDT) to assist small businesses and communities in El Salvador as an extension of their ongoing support for the country. Bitfinex is reportedly working with Max Keiser and Stacy Herbert, who are early Bitcoin adopters

News  -  Bitcoin  -  Jul 15, 2022
Celsius Files for Chapter 11 Bankruptcy
Celsius Files for Chapter 11 Bankruptcy

Celsius, a crypto lending firm that had more than $8 billion in loans to clients and about $12 billion in assets under management in May, has just filed for Chapter 11 proceedings in the state of New York. As of now, the company revealed it has around $167 million dollars

News  -  Bitcoin  -  Jul 15, 2022
Bitcoin Miners Successfully Stabilize the Texas Grid
Bitcoin Miners Successfully Stabilize the Texas Grid

Practically all industrial-scale Bitcoin miners operating in Texas have shut off their machines as the companies brace for a heat wave that is expected to push the power grid near its breaking point.  Texas has become one of the largest hubs by computing power in the world. Hosting companies like

News  -  Bitcoin  -  Jul 13, 2022
30 Million Brazilian PicPay Customers May Now Buy Bitcoin
30 Million Brazilian PicPay Customers May Now Buy Bitcoin

In a statement released on Monday, Anderson Chamon, the vice president of technology and products at PicPay, announced, “PicPay will enter the crypto market to lead its popularization not only as an investment, but also as a way to decentralize payments and other financial services.” The platform will allow its

News  -  Bitcoin  -  Jul 12, 2022
Voyager Reveals Recovery Plan After Bankruptcy Filing
Voyager Reveals Recovery Plan After Bankruptcy Filing

On Tuesday July 5th, 2022 Voyager Digital announced how the company would attempt to make their retail creditors whole again after lending to Three Arrows Capital (3AC). 3AC is a crypto fund giant that blew up about $18 billion at its peak, borrowing from CeFi lenders like Celsius, BlockFi, and

News  -  Business  -  Jul 12, 2022
Fifth Largest Swiss Bank Will Allow Bitcoin Trading
Fifth Largest Swiss Bank Will Allow Bitcoin Trading

PostFinance is the fifth largest financial services bank in Switzerland while also serving as the banking arm for the country’s post office. The company announced that they will be offering 2.69 million of their customers the option to buy, sell, and hold Bitcoin by the year 2024. Despite

News  -  Bitcoin  -  Jul 11, 2022
Germany Launches First Physically-backed Bitcoin ETN
Germany Launches First Physically-backed Bitcoin ETN

Digital assets financial services company, EQONEX, has released a new product to the market that may excite large German investors who were waiting for a regulated way to buy Bitcoin. According to the press release, EQONEX has started offering a physically-backed Bitcoin ETN (exchange-traded note) on the Deutsche Borse XETRA

News  -  Bitcoin  -  Jul 11, 2022
Is Roger Ver on the Hook for Double the Money CoinFLEX Needs?
Is Roger Ver on the Hook for Double the Money CoinFLEX Needs?

Derivatives exchange CoinFLEX has made headlines recently after first freezing funds for account holders and then for revealing that Roger Ver, a widely known B-Cash advocate, owed the platform $47 million in collateral. Co-founders Sudhu Arumugam and Mark Lamb have recently released an update on the company’s current state

News  -  Bitcoin  -  Jul 09, 2022
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